In an effort to strengthen relations and develop financial and economic cooperation frameworks with many countries around the world, H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs recently and virtually met with H.E. Ueli Maurer, Swiss Minister of Finance, to discuss ways to strengthen strategic relations and partnerships between the two countries.
H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, H.E. Saeed Rashid Al Yateem, Assistant Under Secretary of Resource and Budget Sector at the Ministry of Finance, in addition to Mrs. Daniela Stoffel, State Secretary for international affairs, Mr. Christoph Schelling, Head of the Tax Division of the State secretariat of international affairs, Mrs. Alexandra Baumann, Diplomatic Advisor to the Minister also attended the meeting.
H.E. Obaid Humaid Al Tayer praised the strong bilateral relations between the United Arab Emirates and Switzerland, stressing the need to continue dialog between the two countries to strengthen cooperation frameworks and open new horizons for joint work in various economic, financial and trade fields. H.E. said: “The UAE and Switzerland are looking forward to strengthening their strategic relationship and benefiting from the G20 platform and the strong bilateral cooperation ties that connect the two friendly countries.”
The meeting discussed several issues of mutual interest, most importantly the tax challenges arising from the digital economy within the OECD G20 project regarding axes 1 and 2 of international tax policies, and combating tax base erosion and profit shifting. That, in addition to the financial inclusion program in relation to cross-border payments, remittances and digital currencies, and the two countries' experiences towards their participation in the G20 financial track for this year as guest countries from outside the G20.
The UAE will continue to participate in the G20’s Global Partnership for Financial Inclusion (GPFI) for the next three years as a non-G20 member.
© Press Release 2020
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